I think we found your problem...
There is a mark on the flywheel pulley and also one on the flywheel. If you did not take the flywheel off to change the belt, you did not see the mark on the flywheel pulley. However, there is a vertical line with a T next to it on the outside curve of the flywheel itself. That should align with the mark on the flywheel cover or recoil starter mounting boss right next to the tensioner. That will be top dead center
When those marks are aligned, the T mark on the cam pulley should also align with the T mark on top of the powerhead. If both sets of marks are in alignment, the timing is off. .
Once you get those aligned, you adjust the tensioner as explained above....moving the flywheel back 5 teeth...then forward two teeth back to the 3rd tooth...etc.
When the tensioner is tightened, that is when you rotate everything again and make sure the the flywheel timing marks align and the cam pulley timing marks align.
After you do that, then hopefully, the valves were not bent.
To check if the valves are bent, you could check compression. If the compression is all over the map or really bad, a leak down test would tell you for sure. If compression is good, then you may have dodged the bullet.
If so, then it is time to buy a lottery ticket.
Mike